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* StockInvest.us uses dynamically calculated RSI max/min levels to determine when stock is oversold or overbought based on historical behavior.
AI Analysis of ASMB
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On Wednesday, Assembly Biosciences stock price gained an impressive 6.42%
(Updated on May 01, 2024)

Sell candidate since Apr 25, 2024 Loss -0.67% PDF

The Assembly Biosciences stock price gained 6.42% on the last trading day (Wednesday, 1st May 2024), rising from $12.47 to $13.27. During the last trading day the stock fluctuated 5.45% from a day low at $12.75 to a day high of $13.44. The price has risen in 6 of the last 10 days and is up by 2.71% over the past 2 weeks. Volume has increased on the last day along with the price, which is a positive technical sign, and, in total, 403 more shares were traded than the day before. In total, 12 thousand shares were bought and sold for approximately $159.72 thousand.

The stock lies in the middle of a very wide and strong rising trend in the short term and a further rise within the trend is signaled. Given the current short-term trend, the stock is expected to rise 86.91% during the next 3 months and, with a 90% probability hold a price between $15.34 and $31.51 at the end of this 3-month period.

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ASMB Signals & Forecast

There are mixed signals in the stock today. The Assembly Biosciences stock holds a buy signal from the short-term Moving Average; at the same time, however, the long-term average holds a general sell signal. Since the longterm average is above the short-term average there is a general sell signal in the stock giving a more negative forecast for the stock. On further gains, the stock will meet resistance from the long-term Moving Average at $13.31. On a fall, the stock will find some support from the short-term average at $13.06. A break-up through the long-term average will give another buy signal, while a fall below the short-term average will add another sell signal and strengthen the general signal. A sell signal was issued from a pivot top point on Thursday, April 11, 2024, and so far it has fallen -11.89%. Further fall is indicated until a new bottom pivot has been found. Furthermore, there is currently a sell signal from the 3 month Moving Average Convergence Divergence (MACD). Assembly Biosciences has increased volume and follows the last lift in the price. This is considered to be a technical positive sign as volume should follow the price-formation. Higher liquidity also reduces the general risk.

Support, Risk & Stop-loss for Assembly Biosciences stock

Assembly Biosciences finds support from accumulated volume at $13.20 and this level may hold a buying opportunity as an upwards reaction can be expected when the support is being tested.

This stock has average movements during the day and with good trading volume, the risk is considered to be medium. During the last day, the stock moved $0.695 between high and low, or 5.45%. For the last week, the stock has had daily average volatility of 6.81%.

Our recommended stop-loss: We hold a negative evaluation for this stock. No stop-loss is set.

Trading Expectations (ASMB) For The Upcoming Trading Day Of Thursday 2nd

For the upcoming trading day on Thursday, 2nd we expect Assembly Biosciences to open at $13.15, and during the day (based on 14 day Average True Range), to move between $12.47 and $14.07, which gives a possible trading interval of +/-$0.797 (+/-6.01%) up or down from last closing price. If Assembly Biosciences takes out the full calculated possible swing range there will be an estimated 12.02% move between the lowest and the highest trading price during the day.

Since the stock is closer to the resistance from accumulated volume at $13.33 (0.45%) than the support at $13.20 (0.53%), our systems don't find the trading risk/reward intra-day attractive and any bets should be held until the stock is closer to the support level.

Earnings coming up

Assembly Biosciences will release earnings BMO on Thursday, May 02, 2024.The consensus among the analysts for the expected earnings (EPS) is -$2.74. We will update the financials statements for Assembly Biosciences, that can be found here as soon as the records are public. Our systems has calculated a possible swing of +/- 6.60% in the first trading day after earnings release.

Is Assembly Biosciences stock A Buy?

Assembly Biosciences holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

Current score: -3.677 Sell Candidate Unchanged

Predicted Opening Price for Assembly Biosciences of Thursday, May 2, 2024

Fair opening price May 2, 2024 Current price
$13.15 ( 0.89%) $13.27

The predicted opening price is based on yesterday's movements between high, low, and closing price.

Trading levels for ASMB

Fibonacci Support & Resistance Levels

Level Price
Resistance R3 13.85 4.35 %
R2 13.58 2.34 %
R1 13.42 1.11 %
Current price: 13.27
Support S1 12.89 -2.89 %
S2 12.72 -4.13 %
S3 12.46 -6.13 %

Accumulated Volume Support & Resistance Levels

Level Price
Resistance R3 13.79 3.92 %
R2 13.47 1.51 %
R1 13.33 0.452 %
Current price 13.27
Support S1 13.20 -0.528%
S2 12.35 -6.93%
S3 12.27 -7.54%

FAQ

What is the symbol for Assembly Biosciences Stock and on which exchange is it traded?
The symbol for Assembly Biosciences is ASMB and it is traded on the NASDAQ (NASDAQ Stock Exchange).

Should I buy or sell Assembly Biosciences Stock?
Assembly Biosciences holds several negative signals and we believe that it will still perform weakly in the next couple of days or weeks. We, therefore, hold a negative evaluation of this stock.

How to buy Assembly Biosciences Stock?
Assembly Biosciences Stock can be purchased through just about any brokerage firm, including online brokerage services.
Click here for our free guide on how to buy Assembly Biosciences Stock.

What's the current price of Assembly Biosciences Stock?
As of the end of day on the May 01, 2024, the price of an Assembly Biosciences (ASMB) share was $13.27.

What is the 52-week high and low for Assembly Biosciences Stock?
The 52-week high for Assembly Biosciences Stock is $15.18 and the 52-week low is $0.641.

What is the market capitalization of Assembly Biosciences Stock?
As of the May 01, 2024, the market capitalization of Assembly Biosciences is 70.727M.

When is the next earnings date for Assembly Biosciences?
The upcoming earnings date for Assembly Biosciences is May 02, 2024.
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About Assembly Biosciences

Assembly Biosciences Assembly Biosciences, Inc., a clinical-stage biotechnology company, discovers and develops therapeutic candidates for the treatment of hepatitis B virus (HBV) infection in the United States. The company's lead product candidate is Vebicorvir, which as completed Phase 2 clinical trials to treat patients with chronic HBV infection. It is also developing ABI-H3733 that has completed Phase 1a clinical study, and ABI-4334, which is in pre-clinical tri... ASMB Profile

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